Wall Street bets against Trump on tariff refunds, while importers suffer – msn/WaPost
“Among the investment firms that have allegedly bid for IEEPA refund claims is Cantor Fitzgerald, Commerce Secretary Howard Lutnick’s former company. In July, Wired magazine reported that the investment firm, now managed by Lutnick’s adult sons, already had purchased one importer’s refund rights and was prepared to buy up ‘several hundred million’ dollars worth. The magazine quoted internal company documents that detailed Cantor’s tariff-related offerings.
“Danielle Popper, Cantor’s vice president for corporate communications, referred The Washington Post to an earlier company statement, which said Cantor was not ‘taking views in litigation claims including tariffs.’ After this story published, Popper emailed to add that ‘Cantor has not at any time been involved in this business. A spokesman for the Commerce Department did not respond to a request for comment…”